Financing in 95688>Question Details

Ks, Home Owner in 95688

We have a 30 yr fixed conv. We would like to refinance into one loan. We are underwater, and do not qualify for homes affordable program. Options?

Asked by Ks, 95688 Mon Jun 25, 2012

Not and FHA, VA, Freddie/Fannie

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I am assuming you have a 2nd that you want to combine?
You cannot refinance into one loan if you are upside down. Even if you were eligible for the HARP refinance, the 2nd would have to be resubordinated.

If you don't have one of the 4 mortgage types you listed then refinancing an upside down mortgage is not going to be possible at this time. Rumors of HARP 3.0 are out there and that may help so stay tuned.
Web Reference: http://WeFixRates.Com
0 votes Thank Flag Link Mon Jun 25, 2012
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